This story has been reproduced from today's media. It does not necessarily represent the position of Liverpool Football Club.

Derby County have placed a £12million valuation on Arsenal, Liverpool and Manchester United target Will Hughes.

Arsene Wenger, Brendan Rodgers and David Moyes are tracking the England Under-21 international ahead of the January transfer window.

And with Hughes continuing to impress at Derby under new manager Steve McClaren it appears only a matter of time before the 18-year-old seals a move to the top flight.

However, the Rams are adamant that their star man will not be sold on the cheap and are demanding at least £12m for his services.

According to reports Derby chief executive Sam Rush believes Hughes is worth the same amount as Manchester United's Wilfried Zaha - who left Crystal Palace this summer for an initial £10m rising to £15m.

Liverpool have scouted the Derby academy graduate extensively this season, but Arsenal and United are ready to rival them for the talented midfielder.

McClaren admits the Championship club face a battle to hold on to Hughes, recently saying: "Our job is to make sure he makes it.

"Eventually he will be too good. What we need is players coming through to replace him."